February 4, 2025 – Jason Woods, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a new construction 7-Eleven in Wilmington, North Carolina. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $9,564,351.
7-Eleven is located at 4615 Market Street in Wilmington, North Carolina. The new construction 7-Eleven features a state-of-the-art convenience store with 16 fueling stations and a fuel island canopy. 7-Eleven has 14+ years remaining on their Absolute NNN Lease with four (4), 5-year renewal options. The lease features attractive 10% rent increases every 5-year throughout the primary lease term and at the start of each renewal option. The Property is well located in the heart of Wilmington at the signalized intersection of Birchwood Drive and Market Street (NC Route 17 BUS), the area’s primary commercial and commuter corridor. The Property benefits from outstanding visibility and frontage with four points of access. The property is surrounded by national retailers and restaurants that drive traffic to the area and densely populated residential neighborhoods that provide a built-in customer base. The Property is close to US Routes 17, 74, and 117, as well as Interstate 40 and the Wilmington International Airport.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.